The Dynamic Mundell-Fleming Model Reconsidered
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概要
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In this paper we reconsider the dynamic Mundell-Fleming model of Sarno and Taylor (2002) by incorporating one of the recent New Keynesian ingredients. In an extended framework, we reconfirm that their results on the effects of an expansionary fiscal policy are robust. However, we also show that their results on the effects of an expansionary monetary policy should be modified.
- 大阪府立大学の論文
- 2003-12-15
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